JINSA Fellow David P. Goldman explains why the U.S. finds itself in the worst of all possible worlds backing the Muslim Brotherhood government in Egypt unequivocally in public while privately urging it to adopt austerity measures which ensure its inability to govern.

JINSA Fellow David P. Goldman explains that while it is relatively easy to find the right rhetoric for disengagement from Egypt, the fact of the matter is that the United States has put all of its eggs in Egyptian President Mohammed Morsi's basket. If the authority of the Morsi government were to fail, American planners would have to consider urgent alternatives to prevent the Egyptian crisis from destabilizing the whole region.

JINSA Fellow David P. Goldman concludes that embattled Egyptian President Mohamed Morsi will most likely pursue austerity measures through devaluation rather than tax increases or subsidy cuts, with deleterious consequences for the already-failing Egyptian economy and the region. The consequences are already being felt as far away as the Arabian Gulf financial centers to Jordan, where half a million Egyptian workers may be held hostage by a Hashemite monarchy ever more suspicious of Morsi's Muslim Brotherhood government.

JINSA Fellow David P. Goldman on the potential wild card posed by a rapidly growing Kurdish population in Anatolia. He maintains that these demographic shifts and Turkey's inability to integrate the Kurds under the broader Islamic tent could make the present boundaries of the Turkish state unsustainable.

In his first article as a JINSA Fellow, David P. Goldman contends that President Morsi's behavior after the September 11 attack on the American embassy in Cairo raises questions about Egypt's governability.

David P. Goldman writes the "Spengler" column for Asia Times Online and the “Spengler” blog at PJ Media. He is also a columnist at Tablet, and contributes frequently to numerous other publications. He was global head of debt research for Bank of America (2002-2005), global head of credit strategy for Credit Suisse (1998-2002), and also held senior positions at Bear Stearns and Cantor Fitzgerald. In 2001 he was elected to Institutional Investor Magazine’s All-American Fixed Income Research Team. Goldman was a senior editor at First Things 2009-2011, and Forbes magazine columnist from 1994-2001. His book How Civilizations Die (and why Islam is Dying, Too) was published by Regnery in September 2011. An essay collection, It’s Not the End of the World – It’s Just the End of You also appeared in 2011. He is a regular guest on CNBC’s “The Kudlow Report” and has appeared on Fox News and other national news venues.